Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => NEO Forum => Topic started by: anistone on November 27, 2017, 09:12:31 AM
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Is anybody mining this? With what? Is it profitable?
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I don't think I have heard of anybody going into mining it
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I don't think anyone actively mining it.
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I never heard anyone mine Neo, because Neo no transaction fee for paying miner
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You can't mine NEO. Reas their whitepaper, then you'll know their concept.
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:) same here i haven't heard anyone actively mining it
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NEO is POS (Proof of Stake) based. So you get NEO by holding on to Neo
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Simple answer is:NO
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I think it's all a matter of luck. Anyway, I will buy some.
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Gas is fun and profitable
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How much a person have to buy to see Huge gains? Thanks in advance
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NEO is POS so you cannot mine it ETH is going to change to POS to next year so next year ETH cannot mineable too.
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NEO can't be mined. But you can keep NEO in your wallet to claim GAS
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I don't have any idea about that!
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It's not minable. You get gas for holding it
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It is not possible to mine NEO because all the 100 million coins were pre-mined during its development phase.
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NEO is using the Delegated Byzantine Fault Tolerance consensus protocol. It does not require any miner. NEO holders verify transactions and earn a GAS stake for doing so, proportional to the amount of NEO hold.
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In order to find out if it is possible to drop this or that crypt, it's enough to go to the coinmarketcap and look at the value of Circulating Supple. If there is no asterisk, then this crypto currency can be mined.
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Neo is not mineable coin, Neo is POS based coin, but the unique about NEO is you can claim your stake without staking 24hrs, you still can get your stake offline :)
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Yeah the GAS is technically mineable but its more a Proof of Stake system.. its really bad dividends right now though for holding so long.. supposedly it gets better as price goes up and NEO becomes more used.. but its a really nasty gap right now where most people are comprehending whether its worth holding for long periods of time.